The Foreign Account Tax Compliance Act will attempt to shake the tree of US expatriates who have failed to pay taxes on, or are hiding, income abroad in 2014. Photo: Bloomberg
The Foreign Account Tax Compliance Act will attempt to shake the tree of US expatriates who have failed to pay taxes on, or are hiding, income abroad in 2014. Photo: Bloomberg
Comment /  Opinion

US tax law will put Hong Kong banks in a quandary

Will Hickey says Beijing won't be silent on any decision to turn over financial data of Americans

WILL HICKEY

Updated: 3:20am, 28 Aug, 2013

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The Foreign Account Tax Compliance Act will attempt to shake the tree of US expatriates who have failed to pay taxes on, or are hiding, income abroad in 2014. Photo: Bloomberg
The Foreign Account Tax Compliance Act will attempt to shake the tree of US expatriates who have failed to pay taxes on, or are hiding, income abroad in 2014. Photo: Bloomberg
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